Free EMI Calculator

Be it a home or a car or any consumer goods or an air ticket or a vacation, just because you can pay the installments does not mean that you can afford it. Ability to pay installments is different from capacity to afford it.Paying home loan through installments is understandable as it is very difficult to make the full payment for majority of us. But what is the rationality behind purchasing the consumer goods via EMI and paying more while its value definitely depreciates over time? Living continuously in debt and paying high interest will seriously affect one’s financial health and may create a serious repercussion later in life.Calculate your monthly EMI and every month chart showing principle and interest part every month